property transfer

The federal government recently signed a record of decision for 528 acres at the former McClellan AFB near Sacramento, Calif., marking one of the last major milestones in the installation’s cleanup 17 years after it was shuttered. The Air Force transferred the property five years ago under an early transfer with privatized cleanup, mean the

Washington County has agreed to sell the remaining 528 acres at the former Fort Ritchie in central Maryland to South Korean investment group Issac Holdings for $6 million. The county gave JG Business Link International, the master developer it hired two years ago, the site’s other 63 acres last year to jump start development. JGBLI,

The Air Force has received Pentagon approval to extend the north-south runway at Joint Base Elmendorf-Richardson (JBER) by 2,500 feet for a project designed to reduce airspace congestion for military and civilian flights in Anchorage as well as diminish noise levels in a neighborhood adjacent to the airfield. “If we can contribute to air traffic

Officials from the Navy and the Maritime Administration, along with state and local leaders, this week celebrated the transfer of 125 acres at the former Long Beach Naval Complex in California to the city of Long Beach to develop as a port facility. The conveyance raises the total amount of land transferred to the city to more than 400 acres. The Port of Long Beach plans to use the property for staging containerized cargo. Long-term plans include developing marine container facilities, including storage yards, loading and unloading facilities, and other related services. Navy and Long Beach officials first worked out a lease agreement for the city’s Harbor Department to take control of the 500-acre complex on Terminal Island in 1998, allowing the port to break ground on a new container terminal …

Monmouth County’s Board of Freeholders last week voted to guarantee $35 million in notes and bonds the Fort Monmouth Economic Revitalization Authority (FMERA) needs to purchase 560 acres at the former post located on the northern New Jersey coast from the Army. The guarantee will allow the LRA to take advantage of Monmouth County’s triple A rating and obtain the lowest possible interest rate on the bond issuance, reported the Asbury Park Press. FMERA will repay bondholders through sales of property on the main post, which the county estimates has a market value exceeding $90 million. The sale — which will provide FMERA 560 acres on the main post outright for $33 million — represents the second transfer of property between the Army and the LRA …

The city of Alameda hosted residents at an event last month to show off plans for a major component of Alameda Point and to celebrate the most recent property transfer from the Navy at the former Naval Air Station Alameda. The 2.5-mile walking tour focused on the city’s plan to redevelop the area surrounding Seaplane Lagoon, which calls for several large parks, a 500-acre federal wildlife habitat, housing, retail and a ferry building. Site A is slated to have 800 homes, including some reserved for low-to-middle-income residents, and 600,000 square feet of commercial and retail space …